|Time Period||Interest Rate||Maturity Amount|
Terms & Conditions:-
- It is mandatory to be a member in the company.
- Company will issue 10 shares (10/- Rs each) for FD Plan.
- Minimum FD would be of Rs.5000 and further in multiple of Rs. 1000.
- Interest calculation yearly compound.
- TDS Deducted to be Deducted on interest. Paid by Karamjyot Nidhi on Deposit as per provisions and Income tax Act.
- Loan available against deposits up to 60% of deposited amount after one month from the date of deposit
- No Pre maturity in one year plan
- If any person premature its F.D the person will be paid 5%, less of maturity interest after 12 month to 60 months.
- In case of death of a depositor, the company will repay to nominee or beneficiary the principal & interest, at which it was accepted.